ONGC share prices rose over 3% on Friday after Brent crude surged more than 12% amid rising geopolitical tensions following Israel’s airstrike on Iran. With oil prices climbing to multi-month highs, ONGC stands to benefit from improved realisations, boosting earnings from its upstream operations.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.